Sept 8

Fannie & Freddie: Buying friends in DCCNNMoney.com – 53 minutes agoThe two mortgage finance companies doled out $174-million over the past 10 years to Washington lobbyists, report says. By Allan Chernoff, CNN senior correspondent NEW YORK (CNN) — When it came to buying influence in Washington, Freddie Mac and Fannie …

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Paulson placates China, Russia for nowUS Treasury Secretary Henry Paulson had little choice but to bail out Fannie Mae and Freddie Mac, with China and Russia holding large amounts of their debt. Doing nothing would have left no further reason for other countries to invest in US government-guaranteed obligations. That day of reckoning has now merely been delayed. –Julian Delasantellis